Right Time to Sell Your Rialto, California Restaurant?

Following years of hard work, you have made the decision sell your Rialto, California restaurant

Contemplating opening a new Rialto, California restaurant, relocating, or maybe slowing down. No matter the reason, selling your Rialto, California restaurant can be way more challenging than you may think. This is because it takes careful preparation and a solid strategy to successfully walk away with enough proceeds for all the time you may have put into it.

Important Actions to Take in Selling Your Restaurant

You may either make the decision to hire a Rialto, California restaurant broker to assist you in selling your Rialto, California restaurant or take on the task yourself. Whether considering selling your Rialto, California restaurant on your own for the first time or with a restauarant broker, you should follow these steps.

#1 Gather the Necessary Paperwork

This is a necessary initial step to make when you begin the process of marketing your Rialto, California restaurant.

The necessary documents may vary from state to state--even in California, but the following is a list of a few general documents you may need to have at hand:

• Gather your assets
• Lease document
• Your licenses (e.g., liquor license, business license, etc.)
• Copies of health inspection records
• Architectural plans
• Financial statements and other important financial documents

Corbett Restaurant Group comes with expertise to assist you in the sale of your Rialto, California restaurant. Call today for a no-obligation consultation at (888) 266-5182.

It's probably smart not to reveal the majority of these documents to a potrntial buyer first day. However, you may want to have them at hand because you will eventually require them during the sales process.

Also, putting together these documents lets you view your Rialto, California restaurant through the lens of a buyer. It provides you a clear image of the Rialto, California restaurant you are selling. In addition, it allows you to identify if there are any concerns you'll need to take care of.

#2 Get Your Financial Records in Order

Your financial records are an important detail of selling your Rialto, California restaurant. That’s the reason you should strive to have your documents complete and organized.

Showing your financial documents to prospective buyers could assist to clear any doubt they might have regarding your Rialto, California restaurant.

Your financial documents can include:

• Inventory of equipment and assets
• Profit and loss statements
• Tax records
• Cash transactions
• Bank statements

Also, ensure you have hard copies of all of the records. This could make it easier for you to send the documentation to potential buyers.

In addition, as the seller, you have to disclose information such as debts, owed taxes, deferred repairs, etc. Failing to inform a buyer regarding these items may create legal issues for you if a buyer later on discovers these ommissions post closing the deal.

#3 Organize the Details of Your Commercial Lease

In the process of preparing to sell your Rialto, California restaurant, you need to review of your commercial lease. It could be disappointing if, after attracting a buyer, your lease ends up preventing you from sealing the deal.

For this reason, it may advisable to talk to your landlord concerning your plan to sell your Rialto, California restaurant and to potentially extend your lease.

#4 Appraise Your Restaurant

Buyers and investors may request an detailed analysis of your financials, whether favorable or not, this helps with estimating the true value of your Rialto, California restaurant.

It is therefore in your best interest to ensure that you augment sales and reduce expenses to increase your cash flow planning to sell your Rialto, California restaurant.

The average time it may take to sell a Rialto, California restaurant is six months. Within those six months, there are several things you can do in order to increase your profit and cut various costs, and therefore strengthen the worth of your Rialto, California restaurant.

Also, when it comes to your assets, you'll to understand the depreciation involved. Everything depreciates, so it’s a good idea to individually value your assets.

This may help you in estimating the overall value of your Rialto, California restaurant. If you understand the overall value this could help you determine a selling price.

#5 Increase Curb Appeal

The appearance of your Rialto, California restaurant could go a long way in helping you attract potential buyers. Alternatively, if the overall look of your Rialto, California restaurant does not look good to buyers, they might take a pass without a second look.

To prevent this from happening, all things in and out of your Rialto, California restaurant must be clean. Landscaping and a clean parking lot may help create appeal for prospective buyers.

Clean windows, polished door handles and a neat floor are other small items that would help create a unforgettable first impression.

Furthermore, you should ensure that all your equipment is in top condition. If your equipment is not working properly, it may convey the message that you are hurried to pass a bad deal to the buyer.

Faulty equipment may rouse doubt about your financial capabilities and output capabilities. It may even dampen the mood of your staff, which in response, negatively affect your output and effect your profit and loss statement.

You should look credible in order to build the confidence of prospective buyers concerning purchasing your Rialto, California restaurant.

#7 look for Rialto Buyers

Looking for potential buyers can be time-consuming and often requires specialized skills and a certain level of experience. This may demand that you hire an experienced Rialto, California restaurant broker to help. The professional Rialto, California restaurant broker will come with recommendations for saving time for drawing in more potential buyers. However, if you make the decision to take on this project by yourself, you will need to create appropriate advertising. You can list your Rialto, California restaurant on listing websites and let your family and friends know about your intentions to sell your Rialto, California restaurant.

As you will likely come across competition when trying to sell your Rialto, California restaurant, you need your restaurant to stand out.

#8 Be Ready

If you decide to sell your Rialto, California restaurant yourself, or through a Rialto, California restaurant broker, you should always be ready. Be prepared to show your Rialto, California restaurant to prospective buyers at all times.

You'll never know when a buyer could walk into your Rialto, California restaurant. Some buyers might even visit as customers in order to perform some research before contacting you.

#9 Sell Your Rialto, California Restaurant

This is the remaining action to take after a successful negotiation with a buyer. This stage includes the presentation of the necessary paperwork to finalize the deal. The documentation will usually begin with the Asset Purchase Agreement.

You should have your attorney’s help in creating this document. Working with an attorney helps to ensure the Asset Purchase Agreement covers every detail of the deal.

This document includes details such as the selling price of your Rialto, California restaurant, assets and equipment as well as inventory value.

Choosing a Rialto, California Restaurant Broker

Although trying to sell your Rialto, California restaurant on your own can be an exhilarating project, it can also be very risky, especially for first time sellers.

It's true, in order for you to achieve the most from of the business transaction, you need a higher level of experience in order to stand above and against the competition while trying to attract buyers.

Expertise is also vital during negotiations with potential buyers. This is when an experienced Rialto, California restaurant broker is recommended. A Rialto, California restaurant broker has the resources, expertise and strategy required to easily take on the task of selling your Rialto, California restaurant. Additionally, a restaurant broker can help you sell quicker and at a great price.

With the help of a Rialto, California restaurant broker, you can maintain your undivided attention on operating your Rialto, California restaurant and rest assured with the knowledge that a professional is in charge of selling your Rialto, California restaurant.

Contact a Rialto, California Restaurant Broker

Deciding to sell your Rialto, California restaurant through a Rialto, California restaurant broker has several advantages. First, however, you need to select the best Rialto, California restaurant broker to help you in selling your Rialto, California restaurant.

At Corbett Restaurant Brokers, we consider it our honor to represent you in the sale of your Rialto, California restaurant. And, we work harder than any other Rialto broker to secure the best deal for your restaurant and at the highest sale value.

Contact Corbett Restaurant Group today and let us help you sell your Rialto, California restaurant for a great price.

Rialto Zip Codes We Support: 92316, 92336, 92376, 92377, 92410, 92509